Social Networking: Past, Present & Future

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Presentation given by Mark Suster at Caltech in October 2010. The topic was: "Social Networking: Past, Present & Future"

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Social Networking: Past, Present & Future

  1. Social Networking Past, Present, Future Mark Suster Caltech MIT Enterprise Forum October 9, 2010 @msuster www.BothSidesofTheTable.com
  2. Where Did Social Networking Start?
  3. In our debates we tend to focus too much on technology
  4. It’s about shared experiences & we’ve replicated this online
  5. It’s about meeting people & communicated with those we know
  6. Online social networks mirror offline lives
  7. It’s about the 6 C’s  Communications  Connectedness  Common Experience  Content  Commerce  Cool Experiences (ok, entertainment ;-)
  8. It’s why Becomes
  9. It’s why Becomes
  10. Pre Internet had social networks
  11. Pre Internet had social networks
  12. Anyone around then will know what one of these was
  13. AOL bridges gap between pre-Internet & Internet
  14. People advertised “AOL Keywords” not websites AOL Keyword: Swordfish
  15. Web 1.0 made it easier to have personal pages on “the web” (e.g. not AOL)
  16. And “groups” have been around for ages  Mothers’ clubs  Church groups  Education
  17. Social networks have been around for a long time.  Usability is better.  3rd -party platforms.  More people are connected. But same old shit.
  18. And then spam-based social networks began
  19. Mostly for professional use / older demo
  20. And it was really about extending your network
  21. Web 2.0 was born and we evolved online social expression
  22. Web 2.0 was born - social contribution Blogging Photos Video
  23. Web 2.0 went social - skewed back to youth
  24.  Teenage  Middle America  Scantily Dressed  Design chaos  Ads galore  Not verified  Teenage  Middle America  Scantily Dressed  Design chaos  Ads galore  Not verified  Up market  University  Exclusive  Urban elite  Clean  Ad free  Verified  Up market  University  Exclusive  Urban elite  Clean  Ad free  Verified Facebook launched. Was exclusive
  25. It started as .edu
  26. And they captured the tech elite
  27. They each captured 100m users, who increasingly wanted to share photos / video
  28. MySpace Bought PhotoBucket & Google Bought YouTube And MySpace declared war on developers
  29. And this guy (22) Schooled this guy (75)
  30. He understood software business was different than media business
  31. Within a SINGLE YEAR the game was over
  32. And Facebook went mainstream
  33. And then some !!!
  34. And we’re back to advertising non-web pages Brands are spending big & abandoning web pages
  35. Social networking then went “open”  Asymmetric  Public
  36. Twitter really is a totally new concept  Marketing channel  RSS reader  Instant messaging  Chat Room  Data mine  Customer service Dept
  37. And perhaps “open” went a bit too far Social Spending
  38. I think we all know that social is going mobile
  39. And people are building platforms to enable this Business Logic Mapping Layer Points of Interest
  40. OK, OK But Where are Things Headed Next?
  41. 1. Social Graph Becomes Portable
  42. 2. We Form Around True Networks FriendsFriends FamilyFamily Business Associates Business Associates Areas of Interest Areas of Interest NetworkingNetworking DatingDating
  43. 2. We Form Around True Networks FriendsFriends FamilyFamily Business Associates Business Associates Areas of Interest Areas of Interest NetworkingNetworking DatingDating “ I’m coming home for Thanksgiving” “ Check out how wasted we were ;-)” “ Why did you choose MongoDB?” “ I can’t believe we’re working again this weekend ” “ I love The Decemberists, too!” “I’m looking for a role as a Director”
  44. It’s ridiculous that these are all combined today
  45. Example: Quora
  46. Example: HackerNews
  47. 3. Privacy becomes a bigger concern 3rd Party App You Your Friend Pictures of your Kids Personal Info Date of Birth
  48. 3. Privacy becomes a bigger concern 3rd Party Apps Can Access @ messages DMs (private) Tweets
  49. 4. Social Networking Becoming Pervasive
  50. So advertising & content curation are instantly more targetable But most websites don’t know what to do beyond this
  51. 5. Third Party Tools (e.g. Meebo Toolbar) Will Bring Social Networks to Websites Twitter / Facebook Chat
  52. 5. But Also Bring Social “Features” like sharing
  53. 6. Social Networking Will Split into Layers Business Logic EC2 S3 Mgmt Tools Mapping Layers Network Layers Social Graph / Features Open Source Data Totally New Opportunities
  54. 7. Social chaos creates new markets Social Support Social SFA Social Analytics Personal Relationship Mgmt Reputation Mgmt / Authority Social Marketing
  55. Fuck “Check Ins & Badges” Skate Where the Puck is Going
  56. The definition of social networking will cease to exist in the way that we seldom think about Internet companies
  57. And for those who wonder if Facebook now IS the Internet, remember ….
  58. Plus ça change April 2000 Jan 1998 May 2007
  59. It’s why Zuckerberg remains paranoid And why there’s still a dream for those of you who work hard & innovate
  60. Social Networking Past, Present, Future Thank you

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